Israeli protection electronics firm Elbit Methods Ltd. (Nasdaq: ESLT; TASE:ESLT) has once more reportedly dissatisfied the Swiss. After stories that Switzerland was mulling cancellation of a $380 million drone deal for six surveillance and reconnaissance unmanned aerial automobiles (UAVs) as a result of they have been dissatisfied with their capabilities, Swiss newspaper “Die WeltWoche” now claims that TK A telecommunications tools procured from Elbit is ‘unusable.”
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Elbit delivered radios for the TK A navy telecommunications challenge, “price estimated at 1.8 billion Swiss francs, so as to improve the Swiss military’s communications system,” the paper reported. The element, estimated at 300 million francs, “must be built-in into all IT programs,” however “it’s unclear whether or not the product will probably be prepared for operational use.”
The Swiss newspaper wrote that “initially of the 12 months, the top of the cybersecurity division and challenge supervisor, Simon Miller, warned that ‘the corporate has issue guaranteeing the standard of its merchandise and delivering on time.'” He mentioned, for instance, that a number of the elements have been provided with the fallacious cable size.
“It’s nonetheless troublesome to estimate how a lot the attainable failure will value the taxpayer, however public funds price greater than half a billion francs are at stake – as soon as once more,” it mentioned.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on July 20, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
